CORPORATIONS ACT 2001 - SECT 57 Classes of shares or interests in managed investment schemes
CORPORATIONS ACT 2001 - SECT 57
Classes of shares or interests in managed investment schemes(1) The shares in a body corporate, if not divided into 2 or more classes, constitute a class.
Note: A CCIV must have a minimum of one class of shares per sub - fund: see section 1230A.
(2) If the interests in a managed investment scheme to which an
undertaking relates are not divided into 2 or more classes, they constitute a
class.